Dating site Topface says paid hacker to not sell stolen data

By Jim Finkle BOSTON (Reuters) – Topface, one of the world’s largest dating websites, said it has paid a hacker an undisclosed sum to stop trying to sell about 20 million email addresses stolen from the Russian company. Topface Chief Executive Dmitry Filatov said the company located the hacker, who had published ads to sell the data but had not actually sold them. “We have paid him an award for finding a vulnerability and agreed on further cooperation in the field of data security,” Filatov said in an email on Friday, declining to disclose the size of the reward.

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BMW fixes security flaw in its in-car software

German luxury carmaker BMW has fixed a security flaw that could have allowed hackers to unlock the doors of up to 2.2 million Rolls-Royce, Mini and BMW vehicles, it said on Friday. BMW said officials at German motorist association ADAC had identified the problem, which affected cars equipped with the company's ConnectedDrive software using on-board SIM cards — the chips used to identify authorized users of mobile devices. BMW drivers can use the software and SIM cards to activate door locking mechanisms, as well as a range of other services including real-time traffic information, online entertainment and air conditioning.

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Google to change privacy policy after investigation by UK data watchdog

Search engine Google has agreed to better inform users about how it handles their personal information after an investigation by Britain's data protection regulator found its privacy policy was too vague. The Information Commissioner's Office said in a statement that it required Google to sign a “formal undertaking” that it would make the changes by June 30 and take further steps in the next two years. The ICO investigation stems from a privacy policy implemented by Google in March 2012 that consolidated some 70 existing privacy policies into one and pooled data collected on individual users across its services, including YouTube, Gmail and its social network Google+.

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China’s new tech rules play to local firms’ strengths

By Gerry Shih, Michael Martina and Joseph Menn BEIJING/SAN FRANCISCO (Reuters) – Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China’s banks, an acceleration of efforts to curb the country’s reliance on foreign technology that has drawn a sharp response from U.S.

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Tencent inks exclusive online partnership for NBA games in China

By Gerry Shih BEIJING (Reuters) – The National Basketball Association and Tencent Holdings Ltd said Friday the Shenzhen-based Internet giant will be the only company in China to stream the league’s online content. The exclusive, five-year deal will allow Tencent to offer for the first time in China the NBA’s League Pass package, which allows subscribers to watch a full season’s worth of games live and on-demand.

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Opposition blogger may have ‘outed’ Putin’s daughter

By Maria Tsvetkova MOSCOW (Reuters) – One of Vladimir Putin's main opponents may have broken a taboo by publishing what he says is the pseudonym used by one the Russian president's daughters to stay out of the spotlight. Putin has made his and his family's private life little less than a state secret, keeping his rarely-photographed daughters Yekaterina, 28, and Maria, 29, out of sight and managing his divorce with the minimum fuss.

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Spotify expresses interest to raise $500 million: WSJ

(Reuters) – Online music streaming service Spotify is working with Goldman Sachs for a new round of private fundraising which could potentially put off the initial public offering for another year, the Wall Street Journal reported, citing people familiar with the matter. Spotify is talking with investors who are known to buy into companies before a IPO, including mutual fund T. Rowe Price Group, the report said, citing people familiar with the matter.

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Google fourth-quarter revenue misses Wall Street target

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc's revenue grew 15 percent in the fourth quarter but fell short of Wall Street's target on declining online ad prices and unfavorable foreign exchange rates. Shares of Google edged up 0.1 percent to $510.66 in extended trading after an initial dip on the news

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Amazon sales rise in holiday quarter, shares jump

By Deepa Seetharaman SAN FRANCISCO (Reuters) – Amazon.com Inc reported stronger than expected earnings on Thursday as North American sales surged during the crucial holiday quarter, sending its shares up 9 percent. The online commerce giant, which gets about a third of its revenue from October to December, reported earnings of 45 cents a share, trouncing Wall Street's average prediction for 17 cents

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U.S. insurance regulators aim to improve consumer cybersecurity protections

(Reuters) – The National Association of Insurance Commissioners has created a cybersecurity task force to increase protection of consumer information collected by insurers and held by state insurance departments as well as to monitor the cyber insurance market. The NAIC is the group through which state insurance regulators coordinate regulatory oversight for areas including health, life, property and other types of insurance

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